FOB Gulf Coast cargo values gain week on week Lake Charles LNG inks deals; Driftwood LNG begins work US LNG export terminals churned near full capacity during the week ended March 29 — with feedgas demand averaging 13.1 Bcf/d — amid sustained European demand.
FOB Gulf Coast cargo values rose week on week, after two straight weeks of declines. Persistently high spot LNG prices have spurred new long-term fixed-price commercial deals with US suppliers in recent months. In the latest move, Energy Transfer said on March 29 that its proposed Lake Charles LNG export terminal in Louisiana will supply 2.7 million mt/year of volumes to China’s ENN and affiliates under two long-term agreements. Nearby, Tellurian’s proposed Driftwood LNG said March 28 that it began construction at its Louisiana site. S&P Global Commodity Insights assessed the Platts Gulf […]